Polyvinyl Chloride (pvc) Price Trend and Forecast

Price Watch™ provides real-time price assessments and price forecasts for Polyvinyl Chloride (PVC) across top trading regions:  

 Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Polyvinyl Chloride (PVC) Price Trend Q1 2026

During the first quarter of 2026, the worldwide PVC market continued a favorable trend in most primary regions, as demonstrated by price rises between approximately 6–14% across many countries. Countries like China and India are experiencing considerable PVC price appreciation due to solid requirements for PVC products related to the construction, wiring, and manufacturing sectors, in addition to improved buying patterns, all resulting in an overall rising price structure.

Similarly, the PVC pricing trend in Japan and Taiwan is more or less stable due to steady import demand and healthy feedstock availability. Conversely, Western Europe is still experiencing lower levels of pricing, primarily due to low levels of construction and industrial demand creating continuing downward pressure on PVC prices, although there is still upward pressure on PVC prices from the global marketplace.

Meanwhile, prices are rising moderately in the USA as a result of improved demand as well as balanced supply conditions. Overall, the global PVC marketplace is seeing continued strong evidence of recovery in demand, firmer pricing for feedstocks, and a lot of activity through the trading process in virtually every major region in the world.

The latest conflict between the US and Iran has caused disruptions across the world and the PVC prices in the second half of the quarter has been mirroring the sentiment of the disruptions in Strait of Hormuz and rising shipping costs and freight charges amidst skyrocked crude oil and Naphtha prices, globally. This has created a situation of rising cost pressure and expensive shipping of PVC across the world.

China: PVC Export prices FOB Shanghai, China; Grade- K66-68 Suspension Grade

In Q1 2026, PVC prices in China, FOB Shanghai, have been showing a strong upward trend, increasing by approximately 14.5% over the quarter, supported by firm demand from construction, pipe manufacturing, and wire and cable sectors. The PVC price trend in China has been influenced by rising costs of key raw materials such as ethylene, vinyl chloride monomer (VCM), and calcium carbide, along with steady production levels across domestic manufacturers.

Export demand has also remained active, contributing to tighter domestic availability. In March 2026, major disruptions linked to Middle East supply constraints and delays in naphtha shipments through the Strait of Hormuz impacted regional feedstock flows, while YNCC declared force majeure and Zhejiang Petroleum & Chemical reduced ethylene output, tightening upstream supply.

Additionally, increased shipments ahead of the removal of the 13% VAT export rebate further reduced domestic supply. Overall, the PVC market in China has remained firm, supported by strong cost pressures and tightening supply-demand dynamics.

India: PVC Domestically traded prices Ex-Ahmedabad, India; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in India, Ex-Ahmedabad, have been showing a strong upward trend, increasing by approximately 11.4% over the quarter, supported by firm demand from construction, wire, and cable manufacturing sectors. The PVC price trend in India has been influenced by rising costs of key raw materials such as ethylene, vinyl chloride monomer (VCM), and caustic soda, along with steady domestic production levels.

Import dependence has also played a key role, with higher CIF offers from Taiwan and China supporting domestic price increases. In March 2026, significant disruptions linked to the Middle East crisis impacted LPG availability, raising energy costs for PVC producers, while delays in shipments through the Strait of Hormuz and container shortages tightened the supply of ethylene and VCM.

Additionally, reduced export availability from China following VAT rebate removal further supported import parity in India. Overall, the PVC market in India has remained firm, driven by elevated production costs, constrained imports, and sustained downstream demand.

Egypt: PVC Import prices CIF Alexandria (China), Egypt; Grade- K66-68 Suspension Grade

In Q1 2026, PVC prices in Egypt (CIF Alexandria from China) have been showing a strong upward trend, increasing by approximately 16.4% over the quarter, supported by steady demand from construction and infrastructure sectors. The PVC price trend in Egypt has been influenced by higher import costs from China, along with rising prices of ethylene and vinyl chloride monomer (VCM).

Supply conditions have remained tight as import dependency continues to shape the domestic market. In March 2026, disruptions in Middle East shipping routes, particularly through the Strait of Hormuz, increased freight costs and delayed cargo movements from Asia, tightening PVC availability in Egypt.

Higher energy costs and elevated feedstock prices in exporting countries further supported upward pricing. Overall, the Egyptian PVC market has remained firm, driven by increased import parity, supply chain constraints, and sustained downstream demand.

Vietnam: PVC Import prices CIF Haiphong (China), Vietnam; Grade- K66-68 Suspension Grade

In Q1 2026, PVC prices in Vietnam (CIF Haiphong from China) have been showing a strong upward trend, increasing by approximately 13.8% over the quarter, supported by firm demand from construction, cable, and pipe manufacturing sectors. The PVC price trend in Vietnam has been influenced by higher import prices from China, along with rising costs of ethylene and vinyl chloride monomer (VCM).

Domestic supply has remained dependent on imports, keeping market sentiment firm. In March 2026, shipping disruptions through the Strait of Hormuz and delays across major trade routes increased freight costs and extended delivery timelines, tightening PVC supply into Vietnam.

Reduced export availability from China due to policy changes further constrained supply. Overall, the Vietnamese PVC market has remained strong, supported by higher landed costs, supply limitations, and consistent downstream demand across key industrial sectors.

USA: PVC Export prices FOB Houston, USA; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in the USA, FOB Houston, have been showing a strong upward trend, increasing by approximately 14.48% during the quarter, reversing the decline observed in the previous quarter. The PVC price trend in the USA has been influenced by rising feedstock costs, particularly ethylene and vinyl chloride monomer (VCM), along with steady domestic production and firm export demand to Latin America.

Market sentiment has strengthened further following the start of Strait of Hormuz closure, which disrupted global trade flows and tightened the availability of key petrochemical feedstocks. In March 2026, the market witnessed a sharp increase of 26.80%, driven by intensified Middle East disruptions that significantly impacted energy markets.

Ethylene prices surged due to constrained supply, while natural gas costs increased amid geopolitical tensions and seasonal demand, raising production expenses. Overall, the US PVC market has remained firm, supported by elevated costs, supply disruptions, and strong export-driven demand.

Mexico: PVC Import prices CIF Manzanillo (USA), Mexico; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in Mexico (CIF Manzanillo from USA) have been showing a strong upward trend, increasing by approximately 13.1% over the quarter, supported by firm demand from construction and industrial sectors. The PVC price trend in Mexico has been influenced by higher import costs from the USA, along with rising prices of ethylene and vinyl chloride monomer (VCM).

Supply conditions have remained dependent on US exports, which has shaped domestic pricing. In March 2026, increased freight rates and shipping disruptions linked to Middle East tensions elevated transportation costs and delayed cargo arrivals, tightening supply into Mexico.

Higher export prices from the US further supported the upward trend. Overall, the Mexican PVC market has remained firm, driven by increased landed costs, supply chain constraints, and consistent downstream consumption across key sectors.

Canada: PVC Import prices CIF Montreal (USA), Canada; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in Canada (CIF Montreal from USA) have been showing an upward trend, increasing by approximately 11.6% over the quarter, supported by steady demand from construction and industrial sectors. The PVC price trend in Canada has been influenced by higher import prices from the USA, along with rising costs of ethylene and vinyl chloride monomer (VCM).

Supply has remained closely linked to US exports, shaping domestic pricing conditions. In March 2026, freight cost escalation and disruptions in global shipping routes due to Middle East tensions delayed cargo flows and increased import costs.

Elevated energy prices also contributed to higher production costs in exporting regions. Overall, the Canadian PVC market has remained firm, supported by higher landed costs, stable demand, and constrained supply conditions driven by global logistics challenges.

Japan: PVC Export prices FOB Tokyo, Japan; Grade- K65.7-67.7 Suspension Grade

In Q1 2026, PVC prices in Japan, FOB Tokyo, have been showing a strong upward trend, increasing by approximately 10.84% during the quarter, supported by rising feedstock costs and tightening supply conditions. The PVC price trend in Japan has been influenced by higher ethylene production costs, as producers have been heavily reliant on crude and naphtha imports from the Middle East.

Market sentiment has strengthened following the start of Strait of Hormuz closure, which disrupted crude flows and increased input costs across the petrochemical value chain. Domestic producers such as Mitsui Chemicals and Mitsubishi Chemical have been operating at reduced rates due to constrained feedstock availability, further tightening supply.

In March 2026, PVC prices surged sharply by 33.83%, driven by intensified Middle East disruptions and elevated crude prices, which significantly increased ethylene costs. Overall, the Japan PVC market has remained firm, supported by higher production costs, reduced operating rates, and constrained feedstock availability.

Taiwan: PVC Export prices FOB Kaohsiung, Taiwan; Grade- K65-67.1 Suspension Grade

In Q1 2026, PVC prices in Taiwan, FOB Kaohsiung, have been showing a strong upward trend, increasing by approximately 10.33% during the quarter, supported by tightening feedstock availability and rising production costs. The PVC price trend in Taiwan has been influenced by reduced operating rates among key producers, including Formosa Petrochemical Corporation, which declared force majeure and curtailed cracker operations due to disruptions in naphtha supply.

Market conditions have tightened further following the start of Strait of Hormuz closure, which disrupted Middle East shipping routes and delayed feedstock shipments, significantly impacting ethylene and VCM availability. Lower operating rates at regional VCM plants and production disruptions at facilities such as China General Plastics have also constrained supply.

In March 2026, PVC prices surged sharply by 33.59%, driven by intensified feedstock shortages and elevated ethylene costs. Overall, the Taiwan PVC market has remained firm, supported by constrained supply, higher feedstock costs, and ongoing logistical disruptions.

Australia: PVC Import prices CIF Melbourne (Taiwan), Australia; Grade- K65-67.1 Suspension Grade

In Q1 2026, PVC prices in Australia, CIF Melbourne (from Taiwan), have been showing a moderate upward trend, increasing by approximately 5.75% during the quarter, supported by rising import costs and tightening regional supply. The PVC price trend in Australia has been influenced by higher feedstock costs in exporting countries such as Taiwan, along with increased freight rates and logistical challenges.

Market conditions have been further impacted by the start of Strait of Hormuz closure, which disrupted global shipping routes and delayed cargo movements, leading to extended delivery timelines and higher landed costs. Supply availability has remained constrained as exporters operated at reduced rates due to feedstock shortages.

In March 2026, PVC prices surged significantly by 29.68%, driven by intensified Middle East disruptions, rising freight charges, and elevated ethylene and VCM costs. Overall, the Australian PVC market has remained firm, supported by higher import costs, supply chain disruptions, and sustained downstream demand.

Germany: PVC Domestically traded prices FD Hamburg, Germany; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in Germany, FD Hamburg, have been showing a relatively stable to slightly soft trend, registering a marginal decline of approximately 0.28% during the quarter, despite rising cost pressures. The PVC price trend in Germany has been influenced by moderate demand from construction and industrial sectors, along with sufficient domestic supply during the early part of the quarter.

However, market conditions began tightening following the start of Strait of Hormuz closure, which disrupted Middle East energy flows and significantly impacted Europe’s feedstock and energy markets. LNG shortages and a sharp rise in natural gas prices increased production costs across the region, while delays in naphtha shipments through the Suez Canal further constrained ethylene availability.

In March 2026, PVC prices rebounded by 11.83%, driven by escalating energy costs and feedstock shortages linked to Middle East disruptions. Overall, the German PVC market has remained supported by rising production costs, despite subdued quarterly demand trends.

Belgium: PVC Domestically traded prices FD Antwerp, Belgium; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in Belgium, FD Antwerp, have been showing a relatively stable to slightly soft trend, registering a marginal decline of approximately 0.28% during the quarter, despite underlying cost pressures. The PVC price trend in Belgium has been influenced by moderate demand from construction, piping, and cable sectors, along with sufficient domestic supply during the initial phase of the quarter.

In March, market dynamics shifted following the start of Strait of Hormuz closure, which disrupted Middle East energy supplies and impacted European feedstock availability. LNG shortages and a sharp increase in natural gas prices significantly raised production costs across the region, while delays in naphtha shipments through the Suez Canal constrained ethylene supply for PVC manufacturing.

In March 2026, PVC prices increased by 11.51%, driven by rising energy costs and tightening feedstock availability linked to Middle East disruptions. Overall, the Belgium PVC market has remained supported by elevated production costs despite relatively subdued demand conditions.

Netherlands: PVC Domestically traded prices FD Rotterdam, Netherlands; Grade- K67 Suspension Grade

In Q1 2026, PVC prices in the Netherlands, FD Rotterdam, have been showing a relatively stable to slightly soft trend, registering a marginal decline of approximately 0.27% during the quarter, despite rising cost pressures. The PVC price trend in the Netherlands has been influenced by moderate demand from construction and piping sectors, along with sufficient domestic availability during the early phase of the quarter.

However, market conditions shifted following the start of Strait of Hormuz closure, which disrupted Middle East energy flows and tightened feedstock availability across Europe. LNG shortages and a sharp increase in natural gas prices elevated production costs, while delays in naphtha shipments through the Suez Canal constrained ethylene supply.

In March 2026, PVC prices rebounded by 11.33%, driven by rising energy costs and feedstock shortages. Overall, the Netherlands PVC market has remained supported by cost-side pressures despite subdued demand.

UK: PVC Domestically traded prices FD Immingham, UK; Grade- K67 Suspension Grade

In Quarter One 2026, PVC prices at FD Immingham in the United Kingdom displayed a tendency towards lower prices in the first half however, market sentiment shifted in the second half of the quarter. This change has been indicative of weak demand for this product.

The PVC pricing trend in the UK has been affected by a cautious approach to procurement by the construction and industrial sectors, combined with a stable level of supply domestically during the start of the quarter.

But, after the closure of the Strait of Hormuz, energy supply disruption from the Middle East influenced the European markets causing an increase in the price of natural gas, while also lowering the amount of LNG that has been available.

As a result, tight supply constraints has occured as a result of delays in the shipment of naphtha via the Suez Canal causing the price of ethylene to rise. In March 2026, there has been an 11.39% increase in the price of PVC in the UK due to higher production costs and tightness of supply.

Overall, the PVC market in the UK has been influenced by increasing cost pressures even though there has not been significant demand during the concluded quarter.

South Korea: PVC Export prices FOB Busan, South Korea; Grade- K67 Suspension Grade

According to Price-Watch™, in Q1 2026, PVC prices (FOB Busan) have continued to rise steadily in South Korea and have increased approximately 6.54% to date on lower operating rates and tight supply of feedstocks. The rise of PVC prices in South Korea has been impacted by various disruptions from large producers in the region, including YNCC’s declaration of force majeure and Hanwha Solutions constraining EDC supply.

Since the initiation of the Strait of Hormuz closure, further constraints to the availability of feedstocks due to delays in naphtha shipments and reduced ethylene supply have grown tighter in South Korea’s PVC market. Lower operating rates at LG Chem also add to the total number of supply constraints in South Korea’s PVC market.

In March 2026, South Korea’s PVC price has grown 28.49% month over month due to increasing shortages of feedstocks and increasing prices across the region. Overall, South Korea’s PVC market remains supported by continued supply constraints and increasing production costs.

Brazil: PVC Import prices CIF Santos (USA), Brazil; Grade-K67 Suspension Grade

PVC prices in Brazil have continued their rise in the first quarter of 2026, with prices for PVC imported from the USA (CIF Santos) having increased by 15.09% in the first quarter due to recent increases in import pricing and tighter global supply. PVC’s price in Brazil has also been affected by USA PVC export price increases, along with increased freight and steady downstream demand.

Also affecting market conditions has been the recent closure of the Strait of Hormuz, which has interrupted global shipping lanes and led to higher global shipping costs (both for insurance and for transportation), thus increasing landed pricing rates at Brazilian ports.

Exporters in Brazil have experienced tighter supply availability because of the increase in feedstock and energy costs related to the production of PVC. PVC prices in Brazil have spiked in March of 2026, of approximately 24.21%, due to increasing freight costs and limited supply. Finally, the overall Brazilian PVC market remained volatile, with increasing import costs and continued global supply chain disruptions.